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Get paid up to 2 days earlywith direct deposit1
No minimum balance, no monthly fees and no overdraft fees
Over 60,000 fee-free ATM locations2
Receive access to ChimeCredit Builder Secured Visa® Credit Card3
Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC
1. Depends on the timing of the submission of the payment file from the payer
2. Terms Apply
3. See website for details
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BMO Harris Bank is a regional bank that mostly operates in the Midwest. It's headquartered in Chicago and has been in business since 1907. The bank currently offers checking, savings, money market, and CD accounts as well as retirement accounts, mortgages, credit cards, and other loans.
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How is BMO Bank rated?
Breakdown
4.8/5
Account Features
4.8/5
Fees and Restrictions
4.8/5
Support, Reputation, and Financials
Overall Rating: 4.8 / 5 (Excellent)
BMO Harris Bank's checking accounts have definite appeal to a broad range of customers, thanks to its reasonable fees and rare perks, like no overdraft fees and out-of-network ATM fee reimbursem*nts on certain accounts. It still has monthly maintenance fees, but this is to be expected when you're working with a brick-and-mortar bank. If you live in one of the states it serves, BMO Harris Bank is worth a closer look.
BMO Bank Account Features
Account Features - 4.8 / 5
BMO Harris offers three checking accounts targeted at different audiences. Its BMO Harris Smart Advantage Account is its most popular. It's also the most affordable, charging no monthly fees to customers who enroll in paperless statements. The next step up is the BMO Harris Smart Money Account. This has a waivable monthly fee for adults under 25 and charges no overdraft or nonsufficient funds fees. The BMO Harris Premier account is the bank's only interest-bearing checking account. It includes unlimited out-of-network ATM fee reimbursem*nts in addition to the bank's large network of fee-free ATMs. Its monthly maintenance fee is high, but it is waivable to customers who meet certain criteria.
| Types of Checking Accounts | Free Checking Accounts Online Checking Accounts Joint Checking Accounts Business Checking Accounts |
| Methods of Deposits | Mail Check ATM Deposit Mobile Check Deposit Physical Branch Wire Transfer Online Transfer Direct Deposit |
| Integration with Other Online Accounts | Savings Retirement Accounts External Banks Loan Accounts |
| No-Fee ATM | No-Fee at Branded ATMs No-Fee at Network ATMs |
| ATM Locations | You can withdraw cash fee-free at over 40,000 BMO Harris and Allpoint ATMs nationwide. |
| Branch Offices | BMO Harris has over 500 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin. |
Interest (APY)
0.00% to 0.05%
Overdraft Protection
BMO Harris Bank offers two types of overdraft protection. Overdraft funding automatically transfers money to your checking account from a linked savings account. You can also sign up for an overdraft line of credit. Each overdraft will cost you $36 if you overdraw your account by more than $5 and you'll pay a $7 fee for each consecutive day your account remains overdrawn. There's a maximum of 10 consecutive day fees. The BMO Harris Smart Money Account does not charge for overdrafts.
| Integration with Mobile Payment Services | Zelle |
| Card Blocking | No |
| Pay Bills Online | Yes |
| EMV Chip Technology | Yes |
| Bank Checks | Yes |
| Mobile App | Yes |
BMO Bank Fees and Restrictions
Fees and Restrictions - 4.8 / 5
Most of the fees BMO Harris charges are pretty standard for brick-and-mortar banks. It's somewhat unusual in that it offers accounts with no monthly maintenance fees and accounts that don't charge overdraft fees. These are usually more common with online banks. None of its accounts have hard minimum balance requirements, though you may have to maintain a certain minimum balance to avoid maintenance fees.
| Maintenance Fee | $0, $5 or $25 |
| Other Fees | Early Account Closure Paper Statements Legal Fees Replacement Card Fee Expedited Delivery for Replacement Card Fee Check Reorder Fee Stop Payment Fee Insufficient Funds Fee Deposited Item Returned Fee |
BMO Bank Support, Reputation, and Financials
Support, Reputation, and Financials - 4.8 / 5
BMO Harris has been around for over 100 years, and yet, despite its long history, it's received surprisingly few complaints from customers. Banks are frequently the target of negative reviews on the Better Business Bureau and Consumer Financial Protection Bureau websites, and while BMO Harris has also received its share, its numbers seem low when compared to large national banks. The bank also maintains an A+ rating with the Better Business Bureau, suggesting that it's pretty good about promptly resolving customer complaints when they arise.
| BBB Rating | A+ |
| BBB Total Complaints | 220 |
| BBB Resolved Complaints | 63 |
| Consumer Financial Protection Board (CFPB) Complaints | 753 |
| Date Collected | 2020-09-10 |
| Year Founded | 1907 |
Contact Methods
- Phone
- Social Media
Company Profile
| Full Name | BMO Bank Checking Accounts |
| Company Website | |
| Headquarters | 111 W. Monroe St., Chicago, IL, 60603 |
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Customer Comments & Reviews
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W
Wayne S
11/19/2020
Let me start by saying this is a ZERO STAR review. I've been a loyal customer of this bank in Prescott, Arizona for many years. I got no notification whatsoever in the mail about my grandfathered checking account and it's minimum balance being raised from $1,000 to $1,500. As I don't check the account that often as it's a P.O.D account, needless to say for 10 months straight these thieves stole $12 a month of my hard-earned money from me. Absolute thievery period. At the time of this writing I've already filed a complaint with the Attorney General of Illinois and also the Better Business Bureau of Chicago. There's been zero response from the BMO Harris headquarters. I... Read More
Top Rated
Our Partner
2 Reviews
Get paid up to 2 days earlywith direct deposit1
No minimum balance, no monthly fees and no overdraft fees
Over 60,000 fee-free ATM locations2
Receive access to ChimeCredit Builder Secured Visa® Credit Card3
Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC
1. Depends on the timing of the submission of the payment file from the payer
2. Terms Apply
3. See website for details
READ FULL REVIEW >
VIEW DETAILS
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